This FERS Earnings Equivalent & Lifestyle Simulator (A.K.A. FEELS) helps you estimate your “feels like” retirement income under FERS.
It combines a ballpark calculation of your FERS Annuity & Supplement with your TSP withdrawals and any other income you enter, giving you a total comparison of how your retirement paycheck will feel compared to your current gross salary you have presently.
Important Note: To use this calculator, you will need to know your Social Security Administration estimate for starting your benefits at age 62. If you do not have this information, please obtain it before proceeding.
You can access your estimate by logging into your account on the Social Security Administration website.
Understand Your Retirement Income
Use this calculator to estimate how your retirement income will feel compared to your current federal salary. Many people mistakenly believe they need to match their full working salary in retirement. Not true! With fewer expenses in retirement—such as no longer paying into Social Security, Medicare taxes, FERS, or contributing to your TSP—your retirement income doesn’t need to match your current salary to maintain the same lifestyle.
Disclaimer
The FERS Retirement vs. Current Salary Calculator is for education and planning only. It estimates how a retirement paycheck (e.g., FERS annuity, optional TSP withdrawals, and any other income you include) may compare to your current take-home pay.
This is not an official payroll or OPM determination and is not financial advice.
For exact figures, refer to your Personal Benefits Statement and contact your agency’s HR/payroll office or OPM. Consider speaking with a qualified fiduciary advisor before making decisions.